Steve King, Emergent Research partner and a regular contributor to SmallBusiness.com explains how the U.S. government is underestimating the economic impact of small businesses by excluding the self-employed when collecting and classify small business data. (Background: “Why ‘Non-Employer Businesses’ are a Big Deal, Even if the Label Sounds Like They Aren’t.”) Over the past three […]
By Rob Starr Small businesses that deal in cash like food trucks and salons need to protect themselves against errors involving cash and theft. Here are 20 cash handling best practices your business should follow so everything runs smoothly. Cash Handling Best Practices Eliminate Slush Funds Cashiers in small retail stores are often expected to make up for shortages from their […]
When you start a new business or take over an existing one, you’ll need to obtain a Federal Tax ID Number, also known as an EIN. Here’s what to be aware of.
Knowing what small business taxes you have to pay and when to pay them is crucial, because any type of mistake can lead to serious penalties.
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